Indeed, keeps the computer going for a while. Mind you, data recovery is easy as mostly a failed logic board leaves the HDD or SSD intact - unless it's one of the infuriating new models (12" Retinas, 2018 Mac mini's and TouchBar MacBook Pro's - I'm looking at you) where the storage is soldered to the logic board as an inherent component. Grrrr!
I've trained my clients to back up; some have hugely extravagant back up systems, others use a single external. Any back up though is good - saves a lot of heartache and/or a lot of work for me to deep scan failing drives.
The SSDs are pretty resilient these days, although if they fail then mostly the data is gone forever too.